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6 Minutes, 13 Seconds: The Time It Takes To Improve Your Trading Life
EWI's newest service serves up an exciting video lesson on "expanded flat corrections" which makes identifying a trading opportunity as easy as A-B-C.
By Nico Isaac
Thu, 28 Jun 2012 12:45:00 ET
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There are 24 hours in a day. But somehow, I think EWI’s senior analyst Jeffrey Kennedy has gotten his hands on 24 hours in a night, as well. In the last few years alone, Jeffrey has achieved more than most of us accomplish in a lifetime.

Still, no matter what cap he’s wearing -- chief editor, conference leader, author, and/or graduate college professor -- Jeffrey’s main objective is the same: Improving his ability to teach how to identify high-confidence trade setups across markets.
 
In April 2012, Jeffrey created a new platform for dispensing his 20-plus years of acquired wisdom -- EWI’s brand-new service, Elliott Wave Junctures.
 
In Elliott Wave Junctures, Jeffrey picks one of his invaluable lessons off the shelf and, 3-5 times per week, creates for subscribers a short, simple instruction video on real-life Elliott wave application.

Today, we’re going to look at the April 19 Elliott Wave Junctures video episode on an Elliott wave pattern called an "expanded flat correction." In this 6-minute micro drill, Jeffrey shows you how this one little pattern can make a huge difference in spotting major market turns before they happen.
 
Minute 1-2: Jeffrey illustrates the two types of flat corrections via the first chart below, alongside this definition:
 
“A regular flat is a simple, 3-3-5 wave pattern where wave B ends at or near the origin of wave A. In an expanded or irregular flat, we have the same 3-3-5 components but wave B ends beyond the origin of wave A.”
 
 
Minute 3-6: Jeffrey presents to you 2 examples of expanded flats in the real-world price action of the S&P 500 (reprinted here) and the ETF of the S&P 500 VIX.
 
 
As you watch, Jeffrey talks you through the “trademark characteristics of the expanded flat.” More importantly, you learn how an expanded flat helps you identify high-confidence trading setups.
 
For example, as Jeffrey explains in this Elliott Wave Junctures video, wave B of expanded flats tends to end near a 1.382-1.618 the length of wave A. As prices approach this Fibonacci price target, you know that wave B is ending, and what comes next is wave C: a 5-wave move in the opposite direction -- a high-confidence setup, indeed.
 
Subscribe to Elliott Wave Junctures today and get instant access to Jeffrey’s latest video lesson – along with his educational video library archive with over 30 timeless lessons!
 

Get Real-World Trading Lessons to Help You in Real-Life Trading Scenarios

“The best way to learn how to spot Elliott wave opportunities is to find an experienced mentor to teach you using real-life examples. That’s what Elliott Wave Junctures does, and Jeffrey Kennedy is one of the best teachers I know.” - Robert Prechter

   
Let veteran Elliott wave analyst Jeffrey Kennedy be your trading mentor. 3-5 times per week, Jeffrey walks you through REAL market junctures with one overarching goal: to help you master the critical aspects of spotting and acting on high-probability trading opportunities in the markets you follow.

 
 
 

 

Tags: Elliott wave, Elliott Wave trading, Jeffrey Kennedy, S&P 500
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